Q3FY22: Infosys, Wipro, TCS key earnings to watch out today

12 Jan 2022 , 11:12 AM

All eyes are now set on IT giants that are set to announce their December 2021 (Q3FY22) quarterly results today. Markets were on a bull run as Q3 earnings seasons has offset the concerns arising from the Omicron virus surge and third wave in India.

Infosys, Tata Consultancy Services (TCS) and Wipro are the major results aligned to be announced today.

In Q3FY22, Infosys top-line is expected to be higher on the back of the continued ramp-up of large deals and adoption of cloud and digital offerings.

Further, TCS is expected to post a strong quarter this Q3 due to healthy demand, spending across vertical, robust client investments and core transformation.

Meanwhile, Wipro is expected to meet its revenue guidance due to one month of revenue from ion and strong demand momentum.

All three IT majors are expected to witness healthy EBIT margins driven by a weaker rupee against the US dollar.

Other companies that are set to announce their Q3 today as well are –  Indbank Merchant Banking Services, Ind Bank Housing, KD Leisures, Kome-On Communication, NB Footwear, Pradhin, Roselabs Finance, Tinna Rubber and Infrastructure, and Virinchi.